If oil stopped flowing tomorrow, the U.S. would rely on four storage sites, known as the Strategic Petroleum Reserve (SPR), to keep the critical resource moving. The SPR is the world’s largest supply of emergency crude oil.
It’s a complex of four deep-underground storage caverns along the Texas and Louisiana Gulf Coasts.
The SPR was created in the aftermath of the mid-1970’s oil crisis. The idea was to establish a reserve of up to 1 billion barrels of petroleum.
Oil can be released from the SPR under four conditions…
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